There are numerous write-offs—from maintenance charges to home-related travel—that can lower your bill. Read More

NEWS BITES

Luxury Sales in Montreal and Calgary to Surpass Toronto and Vancouver Toronto and Vancouver are set to be unseated as the top growing Canadian luxury markets by Montreal and Calgary. A report from Sotheby’s shows a 20% bump in sales of Montreal homes over C$1 million (US$774,920) in January and February and a 45% bump for Calgary. Meanwhile, Toronto and Vancouver’s markets have become slower amid government regulations sought to tamper down soaring prices. Toronto’s sales of C$1-million-plus homes were down 55% with sales of homes above C$4 million (US$3.1 million) dropping by 56%. Financial Post

U.K. Homebuilding Increases, Looks to Add a Million Homes by 2020 A major uptick in U.K. home building will deliver a million new units by 2020, the fastest increase in production ever. Supply is up 74% in the past four years and a report from the Home Builders Federation indicates that satisfaction with quality has improved. Government recommendations designed to address unaffordability have called for the addition of 300,000 new homes per year. PropertyWire

New York City Apartments to Be City’s First Bitcoin Sales Two Upper East Side apartments currently in contract with separate buyers are believed to be the first New York City properties to be purchased via Bitcoin. Magnum Real Estate Group’s Ben Shaoul is selling two sponsor units at 389 E. 89th St. for the cryptocurrency. One is a studio listed for $875,000, the other, a one-bedroom, is $1.48 million. He will use the conversion service Bit Pay to process the payment and translate it into dollars. The New York Post

Despite Rising Home Prices, Hong Kong Real Estate Stocks Lag While Hong Kong prices remain high, concerns that the market is running out of room to grow has the prices for developers’ stocks remaining lackluster. Prices for homes increased 17% last year and they have tripled since 2009 but stocks have not kept up that pace. With investors wary that growth will soon hit its limit the prices for the stocks of major developers are selling at an average 40% discount. The Real Deal

DISCLAIMER: The currency conversion is provided for illustration purposes only. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. All property prices are as stated by the listing agent.

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